Available Soon: Request your printed copies of the Idaho Freedom Index mailed to you!
Request Your Copies
Note to Dustin: This is currently only visible to logged in users for testing.
Click Me!
video could not be found

House Bill 206

House Bill 206

Phil Haunschild
February 27, 2017

Bill description: This bill would exempt precious metal sales from the capital gains tax.

Rating: +1

Does it directly or indirectly create or increase any taxes, fees, or other assessments? Conversely, does it eliminate or reduce any taxes, fees, or other assessments? 

Precious metals in bullion form are a constitutional form of money and should be treated as such when it comes to taxation, the fiscal note for this bill says. This bill will neutralize the tax impact of capital gains from these metal sales for Idahoans. The total impact would depend upon how many investors sell their metals and the fluctuation in their market value. The fiscal note estimates taxpayers could save a total of as much as $110,000. (+1)

Idaho Freedom Foundation
802 W. Bannock Street, Suite 405, Boise, Idaho 83702
p 208.258.2280 | e [email protected]
COPYRIGHT © 2024 Idaho freedom Foundation
magnifiercrossmenucross-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram